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Term of the Day
BusinessDictionary.com
rational ignorance
Definition
Deliberate
choice
of a
person
not to acquire (not to
pay
attention to) a certain kind of
information
because of its
cost
in
terms
of time and effort that
yields
little or no
benefit
.
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Nearby Terms
rational choice
rational choice theory (RCT)
rational cost estimating
rational decision making
rational decision making approach
rational expectations
rational ignorance
rational pricing
rationale
rationality
rationalization
rationing
rationing function of price
Popular 'Decision Making, Problem Solving, & Strategy' Terms
macro environment
objective
corporate strategy
information
gap analysis
core competencies
marketing strategy
market orientation
external environment
strategy
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